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287
result(s)
Exchange Rate Fluctuations and Labour Market Adjustments in Canadian Manufacturing Industries
Staff Working Paper 2015-45
Gabriel Bruneau,
Kevin Moran
We estimate the link between exchange rate fluctuations and the labour input of Canadian manufacturing industries. The analysis is based on a dynamic model of labour demand, and the econometric strategy employs a panel two-step approach for cointegrating regressions.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Exchange rate regimes,
Exchange rates,
Labour markets,
Recent economic and financial developments
JEL Code(s):
E,
E2,
E24,
F,
F1,
F14,
F16,
F3,
F31,
F4,
F41,
J,
J2,
J23
November 19, 2015
A Survey of Consumer Expectations for Canada
The Bank of Canada recently launched a quarterly survey to measure the expectations of Canadian households: the Canadian Survey of Consumer Expectations (CSCE). The data collected provide comprehensive information about consumer expectations for and uncertainty about inflation, the labour market and household finance. This article describes the CSCE and illustrates its potential to offer rich information about Canadian consumers for researchers and policy-makers.
Content Type(s):
Publications,
Bank of Canada Review articles
Topic(s):
Central bank research,
Housing,
Inflation and prices,
Interest rates,
Labour markets,
Monetary policy and uncertainty
JEL Code(s):
D,
D1,
D12,
D8,
D84,
E,
E3,
E31,
E5,
E52,
J,
J0
Trends in Firm Entry and New Entrepreneurship in Canada
Staff Discussion Paper 2015-11
Shutao Cao,
Mohanad Salameh,
Mai Seki,
Pierre St-Amant
Recently released data show downward trends for both the firm entry rate and the rate of new entrepreneurship since the early 1980s in Canada. This paper documents these trends and discusses potential explanations.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Firm dynamics,
Market structure and pricing,
Productivity
JEL Code(s):
L,
L1,
L11,
M,
M1,
M13
The Carrot and the Stick: The Business Cycle Implications of Incentive Pay in the Labor Search Model
Staff Working Paper 2015-35
Julien Champagne
This paper considers a real business cycle model with labor search frictions where two types of incentive pay are explicitly introduced following the insights from the micro literature on performance pay (e.g. Lazear, 1986).
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Business fluctuations and cycles,
Labour markets
JEL Code(s):
E,
E2,
E24,
J,
J3,
J33,
J4,
J41
Exchange Rate Pass-Through, Currency of Invoicing and Market Share
Staff Working Paper 2015-31
Michael Devereux,
Wei Dong,
Ben Tomlin
This paper investigates the impact of market structure on the joint determination of exchange rate pass-through and currency of invoicing in international trade. A novel feature of the study is the focus on market share of firms on both sides of the market—that is, exporting firms and importing firms.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Exchange rates,
Inflation and prices,
Market structure and pricing
JEL Code(s):
F,
F3,
F4
Managerial Compensation Duration and Stock Price Manipulation
Staff Working Paper 2015-25
Josef Schroth
I build a model of optimal managerial compensation where managers each have a privately observed propensity to manipulate short-term stock prices.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Economic models,
Labour markets,
Recent economic and financial developments
JEL Code(s):
D,
D8,
D82,
G,
G1,
G14,
G3,
G30,
M,
M1,
M12
Changing Labour Market Participation Since the Great Recession: A Regional Perspective
Staff Discussion Paper 2015-2
Calista Cheung,
Dmitry Granovsky,
Gabriella Velasco
This paper discusses broad trends in labour force participation and part-time employment across different age groups since the Great Recession and uses provincial data to identify changes related to population aging, cyclical effects and other factors.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Labour markets,
Recent economic and financial developments,
Regional economic developments
JEL Code(s):
E,
E2,
E24,
E3,
E32,
J,
J1,
J2,
J21,
J6
Does Financial Integration Increase Welfare? Evidence from International Household-Level Data
Staff Working Paper 2015-4
Christian Friedrich
Despite a vast empirical literature that assesses the impact of financial integration on the economy, evidence of substantial welfare gains from consumption risk sharing remains elusive. While maintaining the usual cross-country perspective of the literature, this paper explicitly accounts for household heterogeneity and thus relaxes three restrictive assumptions that have featured prominently in the past.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
International financial markets,
International topics,
Labour markets,
Recent economic and financial developments
JEL Code(s):
E,
E2,
E21,
F,
F3,
I,
I3,
I31
Measuring Potential Output at the Bank of Canada: The Extended Multivariate Filter and the Integrated Framework
Staff Discussion Paper 2015-1
Lise Pichette,
Pierre St-Amant,
Ben Tomlin,
Karine Anoma
Estimating potential output and the output gap - the difference between actual output and its potential - is important for the proper conduct of monetary policy. However, the measurement and interpretation of potential output, and hence the output gap, is fraught with uncertainty, since it is unobservable.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Economic models,
Inflation and prices,
Labour markets,
Productivity
JEL Code(s):
E,
E0,
E3,
E31,
E5,
E52